European equity markets are of course positive after the announcement of the ECB Thursday: gains ranging between 1 and 2.5% for the major indexes. The euro fell close to $ 1 14 on the currency market. "The euro zone has both feet in the currency war," according to Goldman Sachs.
The World Bank estimates for its part that the ECB does not have a magic wand.
"We just received the decision of the ECB, the European Central Bank. Can we know what you think by questioning Isabelle Kumar Euronews special correspondent in Davos? "
"It is a tool and should be used because having a self-sustaining and continuous cycle of deflation was real, said Jim Yong Kim, President of the World Bank.
But on the other hand, it is not enough to solve the problems. The countries that are most in difficulty must advance their reform agenda. What an opportunity and more! We have historically low oil prices and now we have a quantitative easing. It really is time to go there. "
The objective of the ECB is to lower interest rates which will push banks to take their money elsewhere, lending to individuals and businesses in particular. In turn, consumers should save less and consume more. The announcement of the ECB suddenly cleared the cloudy sky above the Davos Forum.
"Despite some caution sometimes the comments Davos are enthusiastic about the decision of the ECB, says Sarah Chappell one of our reporters in the winter sports resort. Several delegates I spoke emphasized the ongoing nature of the program decided a priori over a year and a half. Public debt repurchases ECB also be with us as long as deemed necessary by the ECB. "
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